When investors like Rekha Jhunjhunwala, who are known names and a topic of discussion for dinner tables very often makes moves in their portfolio, the market pays close attention. After all, she has decades of stock picking experience under her belt.
Her track record is well known and second to none. Her stock picks have made her one of the most followed, most successful and richest investors of the country. With a current portfolio size of 26 stocks worth over Rs 41,000 cr, she has once again proved that her stock picking skills are at par with her late husband.
And currently, two stocks in Jhunjhunwala’s portfolio that she has been holding for long, are trading at a discount of over 40%. However, despite of the decline, Rekha Jhunjhunwala’s trust on these companies has still not been affected. As these companies see this big drop, are they a buy opportunity or risks in the garb of one? Let us try to find out.
Geojit Financial Services Ltd
Incorporated in 1994, Geojit Financial Services Ltd offers a complete spectrum of financial services including online broking, financial products distribution, portfolio management services, margin funding, etc.
With a market cap of Rs 2,350 cr, the company has partnered with Bajaj Allianz, ManipalCigna, Star Health, ICICI Lombard, GoDigit, MetLife, etc. to distribute its insurance products. It has also partnered with banks like Federal Bank, Punjab National Bank, South Indian Bank, CSB Bank, etc to offer 3-in-1 accounts and NRI Repatriable Portfolio Investment Schemes
Rekha Jhunjhunwala has been holding a stake in Geojit since December 2015 as per oldest data available on Trendlyne.com. Currently she holds a 7.2% stake in the company worth Rs 171 cr.
The company’s sales have grown from Rs 306 cr in FY20 to Rs 748 cr in FY25, logging in a compound growth rate of 20% in the last 5 years.
The EBITDA (earnings before interest, taxes, depreciation, and amortization) for Geojit was Rs 101 cr in FY20. And in FY25, it has jumped to Rs 284 cr, which is a compound growth rate of almost 23%.
The net profits grew from Rs 51 cr in FY20 to Rs 172 cr in FY25, which is a compound growth of 27%.
Even with all the financials showing a healthy growth trend, the share prices are significantly lower from their all-time highs.
The share price of Geojit Financial Services Ltd was about Rs 18 in May 2020, and as on 30th May 2025 it was Rs 84, which is a 367% jump in just 5 years. Just 1 lac in the company 5 years ago, it would today be about Rs 4.67 lacs.
At the current price of 84, the stock is trading at a discount of 46% from its all-time high of Rs 159.
The company’s share is trading at a current PE of 14x, while industry median is 16x. The 10-year median PE for Geojit as well for the industry is 17x.
The company established its private wealth services division, a subsidiary named Geojit Investments Ltd and is in the process of moving its securities broking business including clearing and settlement, margin financing business, depository participant services business, portfolio management services business, research analyst business, and investment advisory business to it.
Baazar Style Retail Ltd
Incorporated in June 2013, Baazar Style Retail Limited is a fashion retailer operating in West Bengal and Odisha.
With a market cap of Rs 1,928 cr the company is a value fashion retailer offering quality and affordable clothing and home goods, with the largest retail footprint in Eastern India operating 199 stores with a total area of 17.89 lakhs sq. ft across 9 states & 170 cities.
Rekha Jhunjhunwala currently holds 3.4% stake in the company worth Rs 66 cr.
The company’s sales jumped from Rs 629 cr in FY20 to Rs 1,344 cr in FY25, logging in a compound growth of 16% in the last 5 years.
EBITDA for Baazar Style Retail Ltd has grown at a compound rate of 24% from Rs 65 cr in FY20 to Rs 190 cr in FY25.
As for the net profits, the company made losses of Rs 10 cr, 18 cr and 8 cr in FY20, FY21 and FY22, respectively. In FY23, the company logged in Rs 5 cr in profits, and then Rs 22 cr in FY24. For FY25, the profits are Rs 15 cr.
The share price of Baazar Style Retail Ltd was Rs 400 in September 2024, which is when it was listed. And as of closing on 30th May 2025, the price was Rs 258, which is a drop of 35%.
At the current price of Rs 258, the company’s share is trading at a discount of 40% from its all-time high of Rs 431.
The share is trading at a PE of 95x, while the industry median is 45x. As the company has been recently listed, its long-term median PE is not available, but the 10- year industry median is 38x.
The company has planned a capital expenditure of 60-65 cr for FY26. This includes the opening of 40–50 new stores, with an estimated investment of 1–1.25 crore per store. Additionally, 15–20 crore per year is earmarked for technology and infrastructure upgrades.
Add to Watchlist?
Rekha Jhunjhunwala, not wrongly called the woman Warren Buffett of India, is behind what could be called one of the best stock portfolios ever. Many investors simply follow her portfolio to make investment decisions. So, when her favourite stocks are available at a discount, it creates a buzz in the market.
While both the stocks we have seen today, Geojit Financial Services & Baazar Style Retail, have different stories to tell, they have one thing in common. The interest of Jhunjhunwala despite of the fall in prices from the all-time high. While Geojit’s financials seem to be on a growth path, Baazar Style Retail’s inconsistent profits could give rise to worries.
How these two stocks perform in the near and long-team future will sure be a ride to watch; it would not be such a bad idea to have them added to the watchlist and keep an eye on them.
Note: We have relied on data from www.Screener.in and www.trendlyne.com throughout this article. Only in cases where the data was not available, have we used an alternate, but widely used and accepted source of information.
The purpose of this article is only to share interesting charts, data points and thought-provoking opinions. It is NOT a recommendation. If you wish to consider an investment, you are strongly advised to consult your advisor. This article is strictly for educative purposes only.
Suhel Khan has been a passionate follower of the markets for over a decade. During this period, He was an integral part of a leading Equity Research organisation based in Mumbai as the Head of Sales & Marketing. Presently, he is spending most of his time dissecting the investments and strategies of the Super Investors of India.
Disclosure: The writer and his dependents do not hold the stocks discussed in this article.
The website managers, its employee(s), and contributors/writers/authors of articles have or may have an outstanding buy or sell position or holding in the securities, options on securities or other related investments of issuers and/or companies discussed therein. The content of the articles and the interpretation of data are solely the personal views of the contributors/ writers/authors. Investors must make their own investment decisions based on their specific objectives, resources and only after consulting such independent advisors as may be necessary.